4 Center DrMountain LakesNJ07046
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mountain Lakes at 4 Center Dr, Mountain Lakes, NJ, 07046 priced at $950,000 converts $7,117/mo rent into $328/mo cash flow after a $4,650/mo obligation. Total monthly income equals $7,117/mo, and annual cash flow totals $3,935/yr on $312,550 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 8.99% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 111.63% and total cumulative return in cash sums $348,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,117/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07046, Mountain Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,439 (100%) |
| Owner Occupied HU | 1,306 (90.8%) |
| Renter Occupied HU | 85 ( 5.9%) |
| Vacant Housing Units | 48 ( 3.3%) |
| Median Home Value | $947,500 |
| Average Home Value | $1,083,040 |
Housing Distribution
Address Breakdown
Residential
1,455
Single Family
1,455
Multi-Family
0
Businesses
212
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Nearby investment properties with comparable prices
Listed by: Sueanne Sylvester • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3954722
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